OPEC records high level of output freeze compliance
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), reported that based on the Report of the Joint OPEC-Non-OPEC Technical Committee (JTC), for the month of March...
Nigerdock boosts local content, graduates 48 professional trainees
As part of its commitment to improve the Nigerian local content for the energy sector, Nigerdock, through its Training and Development Academy, has recently graduated...
Indigenous firms achieve great feats in oil exploration, production
Indigenous companies are beginning to develop capacity to compete with International Oil Companies (IOCs), which have dominated the exploration and production of oil and gas in Nigeria for decades.
Nipco outlines growth strategies for Nigeria’s downstream petroleum business
NIPCO Plc has outlined measures being put in place by the majority shareholders of the newly acquired Mobil Oil Nigeria Plc, to make the deal a game changer in the downstream industry.
Nigeria, a country in the tropical region of the world is now in the dry season. In this dry season, the hydroelectric power plants are working at dry season capacity! The coal-fired power plants are almost redundant while solar is mostly generated by private institutions and personalities who can presently afford it. This leaves the…
OPEC production cut and emerging realities!
In a report done for BloombergMarkets by BaileyLipschultz on the 17th of February, 2017 (last week), the online media submitted that Shale drilling is on a row as the Organization of Petroleum...
Gas producers kick against JV cash call obligation
Stakeholders in the Nigeria gas sector have emphasised the need for the Federal Government to desist from Joint Venture (JV) funding, which gulped over $3.09 billion in the last one year.
Seven Energy signs $112 million PRG with government
Seven Energy International Limited (Seven Energy) has signed a $112 million Partial Risk Guarantee (PRG) with the Federal Government for the supply of natural gas ...